Ham’s latest boondoggle—a Biblical theme park featuring a life-size replica of Noah’s Ark called Ark Encounter—could face financial collapse if investors fail to purchase $29 million in unrated municipal bonds before construction is set to begin next month.

...

As of January, though, investors had purchased just $26.5 million, according to Bloomberg. To avoid triggering a redemption of all the bonds, investors needed to purchase about $29 million more by February 6—two days after the Nye debate.

This is the key: " To avoid triggering a redemption of all the bonds," If I read that correctly, Ham already snookered $26.5 million out of suckers. But, he will have to pay it back if he cannot raise another $29million.[1][2] And it is likely he already spent it on his failing "museum".[3]

I don't know what the consequences will be if he cannot come up with the money. Financial ruin and jail, I hope.

The offering lists 39 potential risks to investors, including the possibility that animals in the petting zoo could contract infectious diseases, potential lawsuits...Ultimately, the park “may never achieve positive cash flow,”